The US Core Consumer Price Index (m/m) is released at 12:30 UTC on Tuesday, August 12, and it headlines the session as one of the market’s most closely tracked inflation gauges.
What US Core CPI measures
Core CPI tracks the month-over-month change in the price of goods and services bought by consumers, excluding the volatile food and energy categories. Stripping those out gives a cleaner read on the underlying inflation trend, which is why markets and policymakers pay close attention to it.
The consensus forecast is 0.2%, up from the previous reading of 0.0%. As a high-impact US release, it feeds directly into expectations around Federal Reserve policy and is watched across the dollar and dollar-quoted assets.
How the USD-quoted pairs are trading
Across our feed of dollar-quoted crypto instruments, moves are mixed ahead of the print. Chainlink (LNKUSD) is the standout gainer, trading at 8.737, up 5.43% on the day.
Dogecoin (DOGUSD) is also higher at 0.0716, up 3.17%. On the downside, Uniswap (UNIUSD) sits at 3.749, down 4.92%, followed by Axie Infinity (AXSUSD) at 0.883, off 2.75%.
Polygon (MATUSD) trades at 0.0647, down 2.41%, and Polkadot (DOTUSD) is at 0.785, lower by 2.36%. These are current levels and daily moves from our own feed, offered as factual context rather than a forecast.
The Core CPI figure is watched as a signal of how consumer inflation is evolving and how that may shape the interest-rate outlook.
Descriptive market news from the ForexBullion Research Team. Not investment advice.
